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An update from Character ( (GB:CCT) ) is now available.
Character Group PLC announced the repurchase of 12,500 ordinary shares as part of its ongoing share buyback programme. The shares were bought at a price of 244 pence each and have been subsequently cancelled, reducing the total number of shares in issue to 18,156,999. This move is part of the company’s strategy to enhance shareholder value and manage its capital structure effectively.
Spark’s Take on GB:CCT Stock
According to Spark, TipRanks’ AI Analyst, GB:CCT is a Outperform.
Character Group’s overall stock score reflects a solid financial foundation with low leverage and attractive valuation metrics, including a low P/E ratio and high dividend yield. However, the negative technical indicators and market momentum suggest caution in the short term. The ongoing share buyback program provides additional support to shareholder value and confidence in the company’s strategy.
To see Spark’s full report on GB:CCT stock, click here.
More about Character
Character Group PLC operates in the toy industry, focusing on designing, developing, and distributing toys, games, and giftware. The company is known for its innovative products and has a significant market presence in the UK and international markets.
Average Trading Volume: 30,701
Technical Sentiment Signal: Strong Sell
Current Market Cap: £42.52M
For a thorough assessment of CCT stock, go to TipRanks’ Stock Analysis page.